AMCON Q3 FY2024 EPS $2.46, revenue $717.9M; notes acquisition of Richmond Master Distributors

AMCON DISTRIBUTING CO

2024-Q3 EPS reported $5.11 revenue$1,964,688,673

Diluted EPS $2.46 on net income $1.5M; revenue $717.9M for quarter ended June 30, 2024.
Completed acquisition of Richmond Master Distributors, Inc. during the quarter.
Investing in 175k sq ft distribution facility in Springfield, MO and 250k sq ft facility in Colorado City, CO; new retail store in Lakewood Ranch, FL.
Amended bank credit facilities for added flexibility; shareholders' equity approximately $110.0M.
Challenges cited: labor shortages, supply chain issues, inflation, energy volatility, rising interest rates.

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